ACIT vs. INTERNATIONAL SCHOOL OF SOCIAL WELFARE HUMAN RESOURCES,

In the result, the appeal filed by the Revenue is allowed while the Cross Objection filed by the assessee is dismissed

Bench: Shri Sanjay Garg & Shri Rakesh Mishra

business' of the assessee - Society. In the light of the above, I, therefore, have reason to believe that income of the Society for the A.Y. 2005-06 has escaped assessment within the meaning of section 147 of the Act". 5.1 After recording reasons as above, the Ld. AO passed an assessment order dated 29.12.2010. The assessee sought the reasons